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Agro Phos India Q2 FY27 results: net profit down 11.9% to ₹1.77 crore, revenue down 12.6%
Agro Phos India Limited reported standalone revenue of ₹35.03 crore and a net profit of ₹1.77 crore in Q2 FY27. Revenue fell 12.6% from Q2 FY26 but rose 21.1% from Q1 FY27, while basic EPS was ₹0.87.
Key points
- Q2 FY27 revenue was ₹35.03 crore, down 12.6% from Q2 FY26 but up 21.1% from Q1 FY27.
- EBITDA was ₹3.45 crore, down 9.2% year on year and up 9.2% from the previous quarter.
- Net profit was ₹1.77 crore, down 11.9% from Q2 FY26 and up 34.1% from Q1 FY27.
- Basic EPS was ₹0.87, against ₹0.99 in Q2 FY26 and ₹0.65 in Q1 FY27.
- H1 FY27 revenue was ₹63.95 crore and net profit was ₹3.08 crore, down 19.9% and 51.2%, respectively, from H1 FY26.
How did Agro Phos India perform in Q2 FY27?
Agro Phos India reported standalone revenue of ₹35.03 crore in Q2 FY27, down 12.6% from ₹40.08 crore in Q2 FY26 but up 21.1% from ₹28.92 crore in Q1 FY27. EBITDA was ₹3.45 crore, down 9.2% year on year and up 9.2% from the previous quarter, while the EBITDA margin was 9.8%.
Net profit for Q2 FY27 was ₹1.77 crore, against ₹2.01 crore in Q2 FY26 and ₹1.32 crore in Q1 FY27. Basic EPS was ₹0.87, compared with ₹0.99 a year ago and ₹0.65 in the previous quarter. The results are on a standalone basis, and the company operates in a single reportable segment, Fertilizers.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 35.03 | 28.92 | 40.08 | −12.6% | +21.1% |
| Other income | 0.06 | 0.04 | −0.02 | +50.0% | |
| Total expenses | 32.94 | 27.15 | 37.68 | −12.6% | +21.3% |
| EBITDA | 3.45 | 3.16 | 3.80 | −9.2% | +9.2% |
| EBITDA margin | 9.8% | 10.9% | 9.5% | +0.3 pp | −1.1 pp |
| Profit before tax | 2.15 | 1.80 | 2.38 | −9.7% | +19.4% |
| Tax | 0.38 | 0.48 | 0.36 | +5.6% | −20.8% |
| Net profit | 1.77 | 1.32 | 2.01 | −11.9% | +34.1% |
| EPS (₹) | 0.87 | 0.65 | 0.99 | −12.1% | +33.8% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Agro Phos India's costs and profit?
Total expenses fell 12.6% to ₹32.94 crore from ₹37.68 crore in Q2 FY26. Cost of materials consumed rose 22.7% to ₹24.80 crore and employee cost rose 24.0% to ₹1.24 crore, while other expenses fell 24.7% to ₹7.14 crore. Finance costs declined 2.2% to ₹0.88 crore and depreciation declined 4.0% to ₹0.48 crore.
Other income was ₹0.06 crore against ₹0.02 crore in the year-ago quarter, while tax was ₹0.38 crore against ₹0.36 crore. There was no exceptional item. Against Q1 FY27, total expenses rose 21.3% to ₹32.94 crore, including higher cost of materials consumed of ₹24.80 crore and other expenses of ₹7.14 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 24.80 | 20.21 | +4.59 | +22.7% |
| Employee cost | 1.24 | 1 | +0.24 | +24.0% |
| Finance costs | 0.88 | 0.90 | −0.02 | −2.2% |
| Depreciation | 0.48 | 0.50 | −0.02 | −4.0% |
| Other expenses | 7.14 | 9.48 | −2.34 | −24.7% |
| Total expenses | 32.94 | 37.68 | −4.74 | −12.6% |
| Other income | 0.06 | −0.02 | +0.08 | |
| Tax | 0.38 | 0.36 | +0.02 | +5.6% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Agro Phos India reported revenue of ₹63.95 crore, down 19.9% from ₹79.88 crore in H1 FY26. Total income was ₹64.05 crore, down 19.9% from ₹79.95 crore, while profit before tax fell 55.0% to ₹3.95 crore from ₹8.77 crore.
Net profit declined 51.2% to ₹3.08 crore from ₹6.31 crore in H1 FY26. Basic EPS was ₹1.52, compared with ₹3.11 a year earlier.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 63.95 | 79.88 | −19.9% |
| Profit before tax | 3.95 | 8.77 | −55.0% |
| Net profit | 3.08 | 6.31 | −51.2% |
| EPS (₹) | 1.52 | 3.11 | −51.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹159.53 crore, compared with ₹153.86 crore at 31 March 2026. Total equity rose to ₹73.73 crore from ₹70.55 crore, while borrowings increased to ₹34.68 crore from ₹29.88 crore. Cash and cash equivalents declined to ₹0.06 crore from ₹0.11 crore.
Inventories fell to ₹43.45 crore from ₹46.09 crore, trade receivables rose to ₹31.59 crore from ₹26.17 crore, and trade payables fell to ₹37.87 crore from ₹38.70 crore. In H1 FY27, operating cash flow was negative ₹2.37 crore against ₹7.90 crore in H1 FY26, while investing cash flow was negative ₹0.80 crore against negative ₹1.63 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 159.53 | 153.86 |
| Total equity | 73.73 | 70.55 |
| Borrowings | 34.68 | 29.88 |
| Cash and equivalents | 0.06 | 0.11 |
| Inventories | 43.45 | 46.09 |
| Trade receivables | 31.59 | 26.17 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −2.37 | 7.90 |
| Cash from investing | −0.80 | −1.63 |
| Cash from financing | 3.12 | −6.04 |
| Capital expenditure | 0.46 | 0.17 |
Source: Company's results filing (XBRL).
How has Agro Phos India done over the last 8 quarters?
Revenue peaked at ₹40.08 crore in Q2 FY26 and fell to ₹28.92 crore in Q1 FY27 before rising to ₹35.03 crore in Q2 FY27. The latest quarter ended above the ₹32.23 crore reported in Q4 FY26, but below the year-ago peak. EBITDA margin was 9.8%, above the 6.1% low in Q4 FY26 but below the 19.9% peak in Q1 FY26.
Net profit reached ₹4.29 crore in Q1 FY26 and fell to ₹0.85 crore in Q3 FY26 before recovering to ₹1.32 crore in Q1 FY27 and ₹1.77 crore in Q2 FY27. The latest net profit remained below ₹2.01 crore in Q2 FY26 and ₹2.49 crore in Q3 FY25.
How did Agro Phos India shares react?
After the filing appeared, the stock was down 1.3% at both 15 minutes and 30 minutes. It closed the reaction day down 1.7% from the previous close, while the median move for the Fertilizers industry was down 0.6%; the stock therefore underperformed the industry by 1.1 percentage points.
| After the filing | Stock | Fertilizers median |
|---|---|---|
| 15 minutes | −1.3% | |
| 30 minutes | −1.3% | |
| Reaction day | −1.7% | −0.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 August 2026 | −4.4% |
| 29 May 2026 | −5.6% |
| 14 February 2026 | −1.6% |
| 14 November 2025 | −1.6% |
| 14 August 2025 | +5.0% |
| 5 June 2025 | −0.3% |
| 6 February 2025 | +1.4% |
| 14 November 2024 | +2.1% |
Source: MarketPing price-reaction measurement.
How did other Fertilizers companies do?
Six other Fertilizers companies filed this quarter, with median revenue growth of 25.2%. All six grew faster than Agro Phos India, while none grew slower. Of the seven peers for which profit was compared, two reported higher profit.
| Agro Phos India revenue growth (YoY) | −12.6% |
|---|---|
| Median of 6 other Fertilizers companies | +25.2% |
| Companies with slower revenue growth than Agro Phos India | 0 of 6 |
| Companies with faster revenue growth than Agro Phos India | 6 of 6 |
| Companies whose net profit rose | 2 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Agro Phos India's revenue in Q2 FY27?
Revenue from operations was ₹35.03 crore, down 12.6% from ₹40.08 crore in Q2 FY26 (standalone).
Did Agro Phos India make a profit in Q2 FY27?
Yes. Net profit was ₹1.77 crore, against a net profit of ₹2.01 crore in Q2 FY26.
What was Agro Phos India's EPS in Q2 FY27?
Basic earnings per share were ₹0.87, against ₹0.99 in Q2 FY26.
How did Agro Phos India shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.7% from the previous close; the median Fertilizers stock moved −0.6%.
When did Agro Phos India announce its Q2 FY27 results?
On 6 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 6 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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